Meritz Investment Company Account Type
Meritz Investment Company offers various types of brokerage accounts tailored to meet the needs of different investors. The primary account types include:
- Cash Account: This account type requires investors to pay the full amount for securities purchased. No borrowing is allowed.
- Margin Account: In this account, investors can borrow funds from the brokerage to purchase securities, using the securities in the account as collateral. This type of account can enhance purchasing power but also carries higher risks.
- Fixed Funds Deposit: This investment package offers higher interest rates than ordinary investment packages and allows for monthly or yearly deposits and withdrawals. It includes two plans:
- Starter Plan: Minimum deposit of $100 to $4,999 with a weekly interest rate of 28%.
- Standard Plan: Minimum deposit of $5,000 to $9,999 with a weekly interest rate of 56%.
Meritz Investment Company Broker Account Opening Process
Opening a brokerage account with Meritz Investment Company is a straightforward process that typically involves the following steps:
meritz accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .